June 2020

Last Time This Formation Was Seen, Bitcoin Peaked at $10,500. It’s Back Again

June 9, 2020 boss

Bitcoin has found itself in the middle of nowhere yet again. The cryptocurrency has been stuck in a tight range, with breakouts on either side failing as investors have been exuding feelings of indecision. The market is so indecisive that on Tuesday morning, a “Darth Maul” candle formed, whereas Blockware Mining chief executive Matt D’Souza summed up the market trends well in a recent tweet when he wrote: “What’s interesting is bitcoin has stayed in a range I call ‘purgatory’. 8k-11.5kish.” An analysis shows that BTC may be poised to…

‘Bitcoin Billionaires’ Movie to Tell Winklevoss Bros’ Crypto Story

June 9, 2020 boss

Stampede Ventures — a production company owned by ex-Warner Bros. president Greg Silverman — has partnered with Cameron and Tyler Winkelvoss to produce a movie featuring the brothers’ story as portrayed in the best-selling book “Bitcoin Billionaires.” According to the report published on Deadline, Silverman will be co-producing the movie along with Jon Berg, who is known for his work with superhero blockbusters such as Wonder Woman and Aquaman. Bitcoin Billionaires was written by the American author Ben Mezrich in 2019 after the Winklevoss twins became crypto billionaires. The Winklevoss…

Ethereum Holding Ground Above Key Supports But Facing Uphill Task

June 9, 2020 boss

Ethereum is still holding the key $240 support zone against the US Dollar. ETH price is also facing an uphill task near the $248 and $250 resistance levels. Ethereum is consolidating in a range above the $240 support and the 100 hourly simple moving average. The price must gain strength above the $248 and $250 resistance levels. There is a short term bullish trend line forming with support near $243 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to rise further as long as…

Australians and Kiwis Can Now Buy Coca-Cola With Bitcoin

June 9, 2020 boss

Reading Time: 2 minutes by Ash T on June 9, 2020&nbspBitcoin According to a press release issued on June 8, 2020, digital asset integrator Centrapay has partnered with Coca-Cola Amatil to enable Australia and New Zealand residents to buy soft drinks from vending machines through cryptocurrencies. Buying Coca-Cola with Cryptocurrencies Now Possible Coca-Cola Amatil – the largest bottler and distributor in the Asia Pacific supporting 140 brands and more than 270 million consumers – has inked a deal with Centrapay to allow consumers to use their Sylo Smart Wallet to pay for…

Fiat Faces Bitcoin ‘Flattening’ as Covid-19 Sends M2 Supply Over $18T

June 9, 2020 boss

The battle of Bitcoin (BTC) versus fiat money is witnessing not a flippening but a “flattening” as coronavirus upends economic policy. A chart of the United States’ M2 money supply compared to the largest cryptocurrency shows that while one is leveling out its supply, the other is going “parabolic.” BTC hardens, USD goes “parabolic” Uploaded to Twitter by Robert Breedlove, CEO of digital asset investment firm Parallax Digital, the chart highlights the strikingly different paths taken by fiat and Bitcoin since coronavirus hit with full force in March. Bitcoin’s fixed…

Jonathan Herzog May Be The Most Crypto-Friendly Congressional Candidate Yet

June 9, 2020 boss

Jonathan Herzog is running for Congress in New York’s 10th district, and is counting on the support of the crypto community to push him past the incumbent of almost 30 years, Jerrold Nadler, in Democratic primaries. Herzog received a bachelor’s degree from Harvard, an MBA from NYU Stern, and is currently on the leave of absence from the Harvard Law School. He was a founding member of Andrew Yang’s presidential campaign, from whom, admittedly, he borrowed a few ideas. He is running on a progressive platform — universal basic income…